Lobe Sciences Ltd has announced the development of its initial Phase 1 study plan to demonstrate the safety and appropriate dosing range for its proprietary new chemical entity L-130, a unique synthetic analogue of the psychedelic psilocin, to treat neurologic disorders. The company also announced that it has acquired a second new chemical entity L-131 which is expected to enter preclinical toxicity trials later this year or early next year to enable Phase 1 trials planned for later in 2023. Lobe CEO Philip Young said both chemical entities were unique synthetic analogues of psilocin, the active metabolite of natural psilocybin which is a substance extracted from a species of psychedelic mushroom.
My Size Inc announced the receipt of a notice from the Nasdaq granting the company an additional 180 day period, or until January 2, 2023, to meet Nasdaq's minimum $1.00 bid price per share requirement. The company was first notified by the Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rule 5550(a)(2) and 5810(c)(3)(A) on January 3, 2022, and was given until July 5, 2022 to regain compliance. “Nasdaq's extension is well received by MySize, as we expect significant momentum in our revenue and operational performance over the next six months,” My Size CEO Ronen Luzon said in a statement. “As reported in our first quarter financial report, our revenue guidance for calendar 2022 is $5 million, a substantial increase over prior years,” Luzon added.
Murchison Minerals Ltd said it has commenced its summer exploration program at its Haut-Plateau de la Manicouagan (HPM) nickel-copper-cobalt project in Quebec with a crew mobilizing to the site in mid-June and the start of the prospecting phase of the program. Murchison CEO Troy Boisjoli told shareholders with the recent closing of its C$5.35 million private placement, the company was well-positioned to execute its 2022 HPM exploration program. “The objectives for the program are to expand and define high-grade nickel, copper, cobalt mineralization at Barre de Fer (BDF) and Syrah, and continue to build a portfolio of highly prospective de-risked exploration targets,” Boisjoli said.
Thunderbird Entertainment Group Inc has unveiled the fall line-up from its unscripted division, Great Pacific Media, including three brand new series plus renewals for its five flagship productions. GPM currently has eight unscripted shows underway with more than 80 hours in production, all created in-house, the company announced. Following the June premiere of GPM’s latest home reno and design series Styled for HGTV, Corus Entertainment announced the premiere of GPM’s new series Deadman’s Curse for History Channel, the company said.
Clean Seed Capital Group Ltd, the ag-tech firm, has updated investors on recent activity, notably its introduction of the Mini-MAX, a scaled-down model of its North American SMART Seeder MAX, in India. There, the firm's president Colin Rush and vice-president (VP) of operations and product development Jeet Jheetey recently met Dr JP Dalal, the minister of agriculture for the government of Haryana - a key agriculture producing region. The company said its SMART Seeder technology could "fundamentally shift crop production to a more sustainable manner" in India.
Southern Energy Corp said it has completed its previously-announced US$31 million offering by issuing 46,371,927 new company common shares. The natural gas exploration and production company noted net proceeds from the offering will be used to accelerate the initiation of a continuous organic drilling programme at its Gwinville field, as well as increase Southern Energy's financial flexibility for potential acquisition opportunities.
SPYR Inc, which is focused on developing products leveraging the Internet of Things (IoT) for consumers and industries, has announced positive developments for its recent acquisition, GeoTraq Inc. The Woodlands, Texas-based diversified technology company said Polte Corporation, an advanced cloud location over cellular (C-LoC) technology leader, and its new subsidiary GeoTraq, a mobile IoT module manufacturer and connectivity provider, have forged a collaboration to embed Polte’s location technologies into two new GeoTraq NB-IoT/LTE-M modules - the Tracker-Module GT-TM100 and Sensor-Module GT-SM100. According to SPYR, Polte’s C-LoC location solution enables GeoTraq to eliminate the need for GPS/GNSS radios by leveraging globally available mobile IoT (NB-IoT and LTE-M) networks. In addition to providing wide-area outdoor coverage from sparse rural-to-dense urban, Polte’s location solution enables accurate tracking indoors, even when objects are inside vehicles, or in shipping containers.
Globex Mining Enterprises Inc said it has received a $3 million cash payment from Yamana Gold Inc as part of its $15 million sale of the Francoeur/Arntfield/Lac Fortune gold properties. The payment is the second in a series of five payments payable to Globex over a five-year period, plus a two percent Gross Metal Royalty, leaving $8 million outstanding. Separately, Globex said it had also received a cash payment of $50,000 from Electro Metals for the Magusi project and also $20,000 from Manganese X Energy Corp as a first advance royalty payment.
Virtual Investor Conferences (VIC), the leading proprietary investor conference series, today announced the agenda for the Small Cap Growth Virtual Investor Conference being held on July 7, 2022 Individual investors, institutional investors, advisors, and analysts are invited to attend. The program begins at 9.30am EDT on Thursday, July 7, 2022, and investors can register via: https://bit.ly/3R1q2Si. There is no cost to log-in, attend live presentations and schedule 1x1 meetings. “We are thrilled to feature a diverse roster of small cap companies that demonstrate the value of this market segment,” said Jason Paltrowitz, executive vice president of Corporate Services at OTC Markets Group. “A special thanks to Scott Powell, President & CEO of Skyline Corporate Communications Group, for kicking off the day with a keynote discussion focused on 'Small Cap Investing in a Recession'.” Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. To view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.
Algernon Pharmaceuticals Inc has provided an update on its planned phase 1 clinical human study of AP-188 (dimethyltryptamine or DMT), a hallucinogenic tryptamine drug, for use in stroke treatment. The company said it is currently working to complete the intravenous formulation (IVF) that will be used in the phase 1 DMT study and announced that it has retained the Centre for Human Drug Research (CHDR) and its affiliated pharmacy at the Leiden University Medical Center in the Netherlands to complete the work. The plan is for the study to begin in September, Algernon said.
Golden Minerals Company has reported results from the first nine holes drilled in a third drill program conducted at its Yoquivo gold-silver project in northwest Chihuahua state in Mexico. The drilling revealed multiple new veins at Yoquivo, the company said, adding that it expects to report an initial gold-silver resource on the property later this year. "This most recent drilling has focused on testing the Pertenencia vein system to extend the known mineralized strike length into previously untested areas. The Pertenencia vein has continued to return strong gold-silver grades, and the vein remains open to depth and to the north," Warren Rehn, president and chief executive officer of Golden Minerals said in a statement.
TraceSafe Technologies Inc has announced that its prestige partner, Boustead Projects E&C Pte Ltd, the eco-sustainability leader in pioneering new private sector industrial development, has won the Workplace Safety and Health (WSH) Innovation Award 2022, for implementing TraceSafe's innovative jobsite and worker safety solution, SafeSite. Presented by the WSH Council and supported by Singapore’s Ministry of Manpower, the annual WSH Awards recognise organizations and individuals who have achieved excellence in workplace safety and health, TraceSafe said. "We would like to congratulate Boustead Projects on winning this prestigious award and are proud to be their partners in the digital transformation journey," TraceSafe APAC managing director Jasling Ong said in a statement.
Cabral Gold Inc has told investors that it believes there is more high-grade material at the Central gold deposit at its Cuiú Cuiú project in Brazil than thought after drilling there as it released assays from ten holes from the southern part of the deposit. "These latest high-grade drill results from the Central gold deposit indicate that at least two, possibly three high-grade veins exist within the broader Central gold deposit," said Alan Carter, Cabral's CEO in a statement. "These zones extend up to surface and have been weathered, resulting in high-grade oxide material, which is very similar to the situation at the MG gold-in-oxide blanket, where a higher-grade core sits directly above the underlying primary gold deposit. These drill results imply the presence of more high-grade material at Central than previously thought in both the near-surface oxide mineralization and the underlying primary basement gold deposit," he added.
BioHarvest Sciences Inc said Batory Foods has placed a purchase order for 1,000 kg of its flagship VINIA wellness supplement to be delivered by the end of December this year. Batory Foods is one of the top three companies in the nutraceutical and food and beverage ingredient segments of the market and the exclusive B2B distributor of BioHarvest's nutraceuticals and expected hemp-based cannabis products in the US. Bioharvest said the order represents more favorable financial terms for the company in reflection of the higher B2B wholesale price of VINIA in the market and shows the willingness of end-customers to pay higher pricing for the product when utilizing VINIA as a key ingredient in their respective products.
Hawkmoon Resources Corp has announced that its vice president of exploration, Thomas Clarke, is now at the company’s Wilson gold property in Quebec to supervise the start of a trenching program there. The gold projects developer said the trenching is designed to examine a series of targets of interest in underexplored areas of the property, as gold showings at that location are present at the interface of volcanic rocks and a gabbro sill. “July is the start of our summer work season, and the company is looking forward to positive results,” Hawkmoon Resources president Branden Haynes said in a statement.
BMEX Gold Inc has revealed the final interpretation of a ground Fixed Loop Transient Electro Magnetic (EM) survey performed over its Dunlop Bay property in the prolific Abitibi region of Québec. The Vancouver-based mining exploration company explained that the survey hoped to define drilling targets in the vicinity of the Dunlop Bay Ouest showing, which is also known as the Ghislau showing. Three conductivity anomalies - ANO1, ANO2 and ANO3 - were identified, forming an east-north-east trending conductive corridor, said the company. In a statement, BMEX Gold president Robert Pryde said: "The results from the FL-TDEM survey are very encouraging as they suggest the continuity of the known Dunlop Bay Ouest showing westward. Amongst the three anomalies, ANO1 and ANO2 are strong from early to late time channels and have modelled plates with high conductance which might reflect the presence of massive sulphide bodies.”
Fobi AI Inc announced that it has signed an annual license for its Passcreator by Fobi platform with Minubia, a leading provider of digital proof of insurance to insurance companies in the Caribbean. Passcreator by Fobi now powers four of the top 10 insurance companies in the world for digital proof of insurance, according to Fobi. The company said the partnership would allow Minubia to expand their integrated digital proof of insurance and claim management solution from the current implementation in Curacao to the entire Caribbean region and parts of Latin America.
Aben Resources Ltd has kicked off fieldwork at its Slocan graphite project in British Columbia to evaluate potential drill sites for a future program. The junior firm said it will focus on field reconnaissance, mapping and rock sampling, in addition to assessing areas to drill. To that end, the firm has sourced a drill contractor and personnel to get to work once it receives its permit from the British Columbia government.
Global Energy Metals Corp has updated on its Millennium cobalt-copper-gold project in Queensland, Australia following a first-phase reverse circulation drill program conducted and funded by its joint venture partner Metal Bank Limited (MBK). The phase one program consisted of 1,580 metres drilled predominantly in the south and central resource areas, targeting both shallow and deep extensions to the existing mineralisation along with infill, and several precollars in preparation for diamond drilling. “Drilling at Millennium continues to not only show strong grades for copper, cobalt and gold but is also supporting potential for extension to the existing resource and opportunity for a more robust project than currently defined,” Mitchell Smith, president and CEO of GEMC said in a statement.
BioSig Technologies Inc has announced that Kansas City Heart Institute at Overland Park Regional Medical Center in Kansas City, USA, has signed a purchase agreement to acquire its PURE EP System. Following its evaluation of BioSig's PURE EP System, Overland Park Regional Medical Center (OPRMC) has signed an agreement to purchase the technology under the terms of the company's new program. The agreement represents BioSig's first commercial adoption since it announced the national launch of its PURE EP System, supported by The company's new commercial structure and clinical support teams. The agreement also represents BioSig's first national purchasing agreement. "Establishing a contract with a leading national hospital network is a milestone achievement for BioSig Technologies," commented Gray Fleming, chief commercialization officer of BioSig Technologies in a statement.
ACME Lithium Inc told investors that it has started an "extensive summer exploration program" at its 11,803-acre Shatford and Cat-Euclid Lake projects in southeastern Manitoba, Canada. At both projects, three small crews will focus exploration in areas with abundant outcrop in favourable structural areas and the work will involve soil, rock, and till sampling. The Shatford Lake claim area (8,883 acres) sits to the south of Sinomine's world class Tanco mine, which has produced lithium, cesium and tantalum (LCT) since 1969 and lies in the Bird River Greenstone Belt (BRGB). ACME's Cat-Euclid Lake project claims (2,930 acres) lie around 20 kilometres to the north of the Tanco mine.
C3 Metals Inc said it has expanded its land holdings around the highly prospective Jasperoide project in the world-class Andahuaylas-Yauri skarn/porphyry copper belt of southern Peru. The company and its subsidiaries now control a total of 272 square kilometres (sq km), comprising 100% of 49 claims covering 267 sq km and the right to earn 100% in two additional third-party claims covering 5 sq km "Through a disciplined acquisition strategy over the past three years, the company now controls a significant near-surface copper and gold oxide deposit at Jasperoide surrounded by a pipeline of similar high potential copper and copper-gold targets in a world-class copper mining district,” Tony Manini, executive chairman of C3 Metals said in a statement.
Goldshore Resources Inc said it has executed an option agreement with White Metal Resource Corp to earn into its Iris Lake and Vanguard mining claims in the Shebandowan greenstone belt, the company announced. The company will make total cash payments of C$110,000 to White Metal over three years, and 1.5 million shares will be issued in segments over the same period. "We are excited to add on this land package through the option agreement with White Metal,” Goldshore CEO Brett Richards said in a statement. “... [T]he properties are adjacent to our north-eastern property claims in the Coldstream and Iris Lake area.”
Empower Clinics Inc has announced that its coronavirus (COVID-19) testing solutions offered in and around Vancouver's Port of Vancouver and Canada Place exceeded 4,500 tests in June, its second full month of operations, and that the company has completed hundreds of advance online appointments for upcoming summer months. The integrated healthcare company noted that all of its COVID-19 testing solutions are fully accredited by the College of Physicians and Surgeons of British Columbia's Diagnostic Accreditation Program (DAP). “Serving over 4,500 clients in a single month is an important milestone for our accredited testing clinics in Vancouver,” Empower Clinics CEO Steven McAuley said in a statement.
Great Atlantic Resources Corp said it has started its 2022 exploration program at its Keymet property in New Brunswick, where numerous precious and base metal anomalies were identified last year. According to Great Atlantic, the anomalous zone covers approximately 850 metres by 500 metres and is open in all directions. Nearly two-thirds of the soil samples taken in 2021 returned anomalous gold values of between 0.005 and 0.067 parts per million, the company said in a release.
PowerTap Hydrogen Capital Corp announced that business development strategist William O'Banion has joined the company’s advisory board. O’Banion is currently the acting director of business development at PowerTap subsidiary PowerTap Hydrogen Fueling Corp, and is the founder and managing director of Indranet Partners and director of strategic development at Fidelity Capital Partners, the hydrogen fuel technology company said. "We are very excited to have Bill join our advisory board,” PowerTap Hydrogen CEO Raghu Kilambi said in a statement. “He complements our team and adds a wealth of knowledge and critical relationships, and record of building deep relationships in industries in which we are focusing our deployment strategy, making his appointment a strategic and integral part of PowerTap's long-term future growth.”
Bloom Health Partners Inc said it has closed an initial tranche of its non-brokered private placement offering, issuing 5,150,000 units at $0.20 each and raising gross proceeds of $1,030,000. The units comprise of one common share and one-half of a transferable common share purchase warrant, with each warrant entitling the holder to acquire one additional common share at a price of $0.30 per warrant share until July 6, 2023. The net proceeds will be used for ongoing working capital and corporate development.
Zynerba Pharmaceuticals Inc has announced two poster presentations at the 18th NFXF International Fragile X Conference, being held July 14-17, 2022, in San Diego, California. In addition, Zynerba management will present a company presentation during the conference's Keynote - Industry Updates session. Copies of the presentation and posters will be made available on the Zynerba corporate website following the presentations at www.zynerba.com/publications. Presentation details: 'Zynerba Pharmaceuticals - Development of ZYN002 (Zygel for the Treatment of Behavioral Symptoms in Fragile X Syndrome: Partnering to advance the care of children and adolescents with Fragile X Syndrome' on Friday, July 15, 2022, 3.15pm- 4.30pm PT (6.15 pm-7.30pm ET) at the Town and Country Resort, San Diego. Poster presentations detail: 'Long-Term Safety and Sustained Efficacy of ZYN002 Cannabidiol Transdermal Gel in Children and Adolescents With Fragile X Syndrome (ZYN2-CL-017)' and 'RECONNECT (ZYN2-CL-033): Design of a Phase 3 Trial of ZYN002 Cannabidiol Transdermal Gel in Children and Adolescents With Fragile X Syndrome Based Upon Learnings From CONNECT-FX (ZYN2-CL-016) of Friday, July 15, 2022, from 4.30pm-7.00pm PT (7.30pm-10.30pm ET) at Town and Country Foyer, Town and Country Resort, San Diego.
The Valens Company Inc has said it will issue its second quarter 2022 financial results for the period ended May 31, 2022, on Wednesday, July 13, 2022, after market close. The company will host a conference call the following day, Thursday, July 14, 2022, at 11:.00am. Eastern Time / 8.00am Pacific Time to discuss the financial results and business outlook. Tyler Robson, Valens chief executive officer, Sunil Gandhi, chief financial officer, Jeff Fallows, president, Adam Shea, chief commercial officer, and Everett Knight, EVP Corporate Development & Capital Markets will be conducting a question-and-answer session following the prepared remarks. Participant Dial-In Numbers: Toll-Free 1-877-407-0792; Toll / International 1-201-689-8263; conference ID: 13731030. The call will be available via webcast on the investor page of the company website at https://thevalenscompany.com/investors/. A replay of the call will be available on the Valens investor page approximately two hours after the conference call has ended.
Sonoro Gold Corp has announced the results of its Annual General Meeting of Shareholders held June 30, 2022, in Vancouver, British Columbia. At the meeting, shareholders approved all resolutions put before them by management including the election of all director nominees, the re-appointment of the auditors and the approval of the company's new share option plan. The shareholders voted to re-elected John M. Darch, Kenneth MacLeod, Neil Maedel, Stephen Kenwood, James Taylor, and Curtis Turner to serve as directors of the company until the next annual meeting of the shareholders. The shareholders re-appointed Smythe LLP, as the auditors of the company for the ensuing year and approved the company's amended and restated 10% rolling share option plan. Following the meeting, the board appointed Kenneth MacLeod, Stephen Kenwood and Curtis Turner to its Audit and Compensation Committees. The board also reappointed Kenneth MacLeod as president and chief executive officer, Salil Dhaumya as chief financial officer, Katharine Regan as corporate secretary, Mel Herdrick as vice president, Exploration and Jorge Diaz as vice president, Operations.
Nevada Silver Corp said the TSX Venture Exchange has accepted for filing documentation pertaining to an option and purchase agreement dated Feb. 11, 2022, as amended on April 6, 2022, among the company and Summa LLC, whereby the company has acquired five patented lode mining claims in sections 25 and 36, Township 9 North, Range 45 East, MDM, Nye county, Nevada, covering 69.88 acres. Under the terms of the agreement, the company has agreed to acquire the optioned property by paying US$700,000. The company has an option to defer payment of the purchase price for up to five years by paying cash on the anniversary dates of the agreement, or until February 11, 2027, in the following amounts: on the effective date, US$30,000, which was paid through the issuance of 118,750 common shares to Summa; on the first anniversary of the effective date, US$35,000 in cash; on the second anniversary of the effective date, US$40,000 in cash; on the third anniversary of the effective date, US$45,000 in cash; and on the fourth anniversary of the effective date, US$50,000 in cash. On the fifth anniversary of the effective date, the company must pay the purchase price to Summa to acquire the optioned property. The company may exercise the option to purchase the optioned properties at any time by paying the purchase price.
MedX Health Corp said it has made an amendment to the terms of the non-brokered private placement previously announced in its News Release dated June 30, 2022. The private placement is being offered to accredited investors to raise up to $4 million by issuance of up to 80 Series III Convertible Loan Notes, each with a face value of $50,000. The Series III convertible notes, as amended, will bear interest at 8% per year, payable Half-yearly, and will mature on December 31, 2026. Each of the Series III convertible notes may be converted, at the option of the holder, into units at $0.07 per Series III unit at any time until June 30, 2023, and at $0.10 per Series III unit thereafter until the maturity date. Each Series III unit will be comprised of one fully paid common share and one share purchase warrant. Each share purchase warrant will be exercisable to purchase one further common share at the price of $0.07, exercisable for a period expiring on the maturity date. Additionally, the company will have the right to force redemption of any convertible notes then outstanding, on the redemption date that is thirty days after the date of the notice, exercisable at any time after January 1, 2025, and provided that the company's common shares have closed at a price of $0.30 or above for thirty consecutive trading days immediately preceding the date of the notice exercising the right, subject to the right of the holders to exercise the conversion right prior to the redemption date. Closing of the placement will be subject to receipt of subscriptions and a number of other conditions, including without limitation the receipt of all relevant regulatory and Stock Exchange approvals or acceptances.
South Star Battery Metals Corp said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on May 19, 2022, and June 17, 2022, which will see the issue of 3,467,254 shares (postconsolidation) at a purchase price of 55 cents per share (postconsolidation), together with 3,467,254 share purchase warrants (postconsolidation) with an exercise price of $1.25 (postconsolidation) for a five-year period subject to an acceleration clause with 13 placees.
Proactive Research has issued a note on Mednow Inc which is establishing itself as a national online Canadian pharmacy based on its leading pharmacy app, specialty pharmacy services, telemedicine support, and strategically placed fulfilment centres across Canada.